A loan of $475 helped to repair a transport vehicle used in his services business.

Victor's story

Victor P. is from the town of Burgos,Aloran. He is 45 years old. Victor is married and has 4 school-aged children. To make a living, Victor owns and operates a business providing services to the local community. While not the only means for generating revenue, the main source of income for the business comes primarily from providing general services to local community members. Victor has been engaged in his business for over 5 years and earns approximately 2,500 PHP a month for these activities.

In 2010, Victor joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Victor is requesting a loan of 20,000 PHP which will be used to repair a transport vehicle used in the business. This loan will be the first loan taken out by Victor from GDMPC. He plans to use the additional revenue generated from the business to supplement the family's income.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, PhilipP.. It has four branches and three units offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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